Regulatory Alerts2017-05-15
Added · Updated
Commission Implementing Regulation (EU) 2017/812 laying down technical information for calculating technical provisions and basic own funds for reporting from 31 March to 29 June 2017
The European Commission mandates that insurance and reinsurance undertakings use specific technical information to calculate technical provisions and basic own funds for reporting reference dates between 31 March and 29 June 2017. This requirement applies the risk-free interest rate term structures, fundamental spreads for matching adjustments, and volatility adjustments set out in the regulation's annexes. The regulation entered into force on 19 May 2017 and applies retroactively from 31 March 2017.